Hyundai to invest Rs 6,180 crore in Tamil Nadu, MoU signed
[ad_1]
New Delhi, Jan 8 Hyundai Motor India Limited (HMIL) will invest Rs 6,180 crore to set up a hydrogen processing center in Tamil Nadu and various other initiatives. The company announced this on Monday.
Earlier, Hyundai had announced to invest Rs 20,000 crore over 10 years from 2023 to 2032 to enhance its efforts in electric vehicle manufacturing, charging infrastructure and skill development.
This is in addition to the investment of Rs 6,180 crore. The company has signed a Memorandum of Understanding (MoU) with the state government for new investments during the Tamil Nadu Global Investors Summit- 2024.
“This investment of Rs 6,180 crore is part of our commitment to boost socio-economic growth in the state and strengthen efforts to make the country self-reliant,” Unsoo Kim, Managing Director and Chief Executive Officer (CEO), Hyundai Motor India, said in a statement. Is in accordance with.
He said that this cooperation with the government is not just about investment. He said this will act as a catalyst to develop a strong hydrogen technology ecosystem, which is in line with the company’s commitment towards a green future. Kim said, “We are confident that with collective efforts, Tamil Nadu will be able to achieve the great achievement of a $1 trillion economy.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
[ad_2]
Source link
